Virtus Total Return Fund Inc. (NYSE:ZTR) to Issue Dividend Increase – $0.06 Per Share

Virtus Total Return Fund Inc. (NYSE:ZTR) declared a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.055 per share by the investment management company on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Monday, June 15th. This is a 10.0% increase from Virtus Total Return Fund’s previous monthly dividend of $0.05.

Virtus Total Return Fund Stock Down 0.4%

Shares of NYSE:ZTR opened at $6.58 on Thursday. Virtus Total Return Fund has a 1 year low of $5.97 and a 1 year high of $7.11. The stock’s fifty day moving average price is $6.75 and its 200-day moving average price is $6.61.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZTR. Invesco Ltd. lifted its holdings in Virtus Total Return Fund by 74.9% in the second quarter. Invesco Ltd. now owns 71,282 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 30,517 shares during the period. Walleye Capital LLC raised its stake in shares of Virtus Total Return Fund by 85.1% in the second quarter. Walleye Capital LLC now owns 73,618 shares of the investment management company’s stock worth $459,000 after buying an additional 33,844 shares during the period. Bank of America Corp DE raised its stake in shares of Virtus Total Return Fund by 33.9% in the second quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company’s stock worth $2,108,000 after buying an additional 85,767 shares during the period. Sculptor Capital LP raised its stake in shares of Virtus Total Return Fund by 9.8% in the second quarter. Sculptor Capital LP now owns 346,864 shares of the investment management company’s stock worth $2,161,000 after buying an additional 30,833 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Virtus Total Return Fund by 150.8% in the second quarter. Osaic Holdings Inc. now owns 65,798 shares of the investment management company’s stock worth $410,000 after buying an additional 39,567 shares during the period. Institutional investors own 47.14% of the company’s stock.

About Virtus Total Return Fund

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).